📝 One-liners · 66 cards
Ethics: A Holistic Approach
How does the relationship between ethics and law differ in the banking context?
Ethics sets a higher standard than law — all legal conduct is not necessarily ethical, and banks should aspire to standards beyond mere legal compliance.
How do norms differ from values in banking ethics?
Norms are more specific than values, defining proper behaviour in particular situations.
Why is legal compliance alone considered insufficient for ethical banking conduct?
Legal minimums are necessary but not sufficient for ethical conduct; banks must strive for higher standards where ethics provides guidance even where law is silent.
Which source of ethical norms is primarily at work when a new officer adopts fair conduct by observing senior colleagues?
Co-employees who model ethical conduct influence peers through their personal values.
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